pakistan's plans to regulate cryptocurrency discussed by science and technology minister

Pakistan’s Plans to Regulate Cryptocurrency Discussed by Science and Technology Minister

Minister for Science and Technology, Shibli Faraz, revealed the Pakistan Tehreek-e-Insaf (PTI) government’s aim to regulate cryptocurrency within Pakistan. He shared this during the inaugural Pakistan Blockchain Summit 2022 in Islamabad. Faraz highlighted that the State Bank of Pakistan, Securities and Exchange Commission, and Finance Division are actively collaborating on this initiative, as per Radio…

Read More
edfapay partners with digikhata in pakistan to expand global fintech services

EdfaPay Partners with Digikhata in Pakistan to Expand Global FinTech Services

EdfaPay, a leading FinTech company from Saudi Arabia, has unveiled its ambitious plan to extend its financial technology services globally. The company aims to achieve this goal through a strategic partnership with Digikhata, a prominent financial firm based in Pakistan. This collaboration signifies a significant move towards elevating the standards of FinTech services in the…

Read More
al habib exchange launches operations in pakistan a milestone achievement

AL Habib Exchange Launches Operations in Pakistan: A Milestone Achievement

AL Habib Exchange, a subsidiary of Bank AL Habib, has officially started its operations in Pakistan. It has opened ten branches across four major cities: Karachi, Lahore, Islamabad, and Peshawar. Last year in September, following an announcement by Bank AL Habib, the Board of Directors unanimously agreed to establish an Exchange Company as a wholly-owned…

Read More
secp allows shariah compliant brokerage services what you need to know

SECP Allows Shariah-Compliant Brokerage Services: What You Need to Know

The Securities and Exchange Commission of Pakistan (SECP) has made a significant decision. They’ve decided that securities brokers can now offer services that comply entirely with Shariah law. This decision comes with certain rules and conditions, as outlined in the SECP’s S.R.O. 427(I)/2024, which they issued on Thursday. Here’s what the regulations say: These decisions…

Read More
fintech mnt halan expands with advans pakistan microfinance bank acquisition

Fintech MNT-Halan Expands with Advans Pakistan Microfinance Bank Acquisition

MNT-Halan, a financial technology (fintech) company based in Egypt, has purchased Advans Pakistan Microfinance Bank, although the exact terms of the deal haven’t been disclosed. Established in 2017 by Mounir Nakhla, MNT-Halan provides a wide array of financial and non-financial services such as lending, “buy now, pay later” options, e-commerce, payments, and on-demand logistics. Advans,…

Read More

Pakistan Launches Land Route for Fruit Export to Russia

Pakistan has recently initiated the export of fruit to Russia via a land route spanning approximately 6,000 kilometers, marking a significant development in bilateral trade relations between the two nations. Over the weekend, sixteen trucks belonging to Pakistan’s National Logistics Corporation (NLC) transported oranges to the Russian cities of Derbent and Grozny. This endeavor has…

Read More